BHF Kleinwort Benson Group, a Belgium-based financial services group, has registered an operating income of EUR334.6m for the year ended 31 December 2014, up 1.4% compared to EUR330m a year earlier.

The group’s assets under management (AuM) increased to EUR54.24bn, a rise of 9.4% from EUR49.58bn in 2013.

Operating expenses dipped 4.6% to EUR356.9m from EUR373.9m a year ago.

The group posted an adjusted underlying operating loss of EUR23.5m, versus EUR42.4m a year earlier.

Statutory consolidated profit for the year 2014 stood at EUR71.6m, compared to a EUR66.4m loss in 2013.

BHF Kleinwort Benson CEO Leonhard Fischer said, "We have seen good operational progress across the franchise in 2014. Our new name, BHF Kleinwort Benson Group, reflects the importance of our brands. The group has undergone significant change during this year and I am confident that we have built the foundations that will enable continued operational progress towards our targets."

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